UGC NTA NET/JRF Exam, Management, December-2022

Total Questions: 100

1. What kind of elasticity of demand is faced by the oligopolistic firm?

Correct Answer: (d) High elasticity for price rise but less elasticity for price cuts.
Solution:

The elasticity of demand faced by an oligopolistic firm is high elasticity for price rise whereas less elasticity for price cuts. This is because if a particular firm in oligopolistic market lowers the price his competitors will follow him whereas if he lowers the price his competitors will follow him whereas if he increases the price above the prevailing level, his competitors will not follow his increase in price.

2. Which of the following correctly explains the notion of consumer surplus?

Correct Answer: (a) The difference between what consumers are willing to pay for a given quantity of goods/
Solution:

The term Consumer Surplus is defined as the difference between what consumers are willing to pay for a given quantity of goods and services and the amount they actually pays. It is also known as social surplus.
Consumer surplus =
Maximum price buyer is willing to pay - Actual price

3. The market demand and supply equation for a product are.

OD = 30-3Р
QS = 20+2P
Here Q for quantity; P for price
What is the equilibrium demand?

Correct Answer: (c) 24
Solution:Qd =30-3Р
Qₛ = 20+2P
30-3P= 20 +2P
30-20= 3P + 2P
10 = 5P
P=2
30-3P
30-3×2
=30-6
=24

4. "Corporate governance is to conduct the business in accordance with the owner's (shareholders) desires" is conceptualized by.

Correct Answer: (b) Milton Friedman
Solution:

"Corporate governance is to conduct the business in accordance with the owner's (Shareholders) desires". It was conceptualized by Milton Friedman. Hе introduced his theory in 1970 by the name Friedman Doctrine that states that an organisation greatest Treresponsibility is that of satisfaction of shareholders.

5. According to Maslow's hierarchy of needs, which one of the following organizational aspects will not be included in the self-actualization needs?

Correct Answer: (c) Status
Solution:

Abrahm H. Maslow gave his theory on human behavior. He suggested that human needs can be categorised in a particular order from highest to lowest. These orders are as follow.
1. Physiological Needs
2. Safety Needs
3. Social Needs
4. Esteem Needs
5. Self-Actualisation Needs
Out of the options given in the question only option (c) status is not related to self-actualisation needs
However, Job advancement, Job challenge and self image are part of it.
Self-Actualisation needs means to become something that one is capable of becoming. It includes personal growth and achievement.

6. Which of the following is not a job related performance data to identify the performance of an employee?

Correct Answer: (a) Attitude Surveys
Solution:

Out of the following only option (a) Attitude survey is not a job related performance data to identify performance of an employee.
Infect, if is a metric used by organization to measure attitude of its employees towords its work environment. Except this all other late deliveries, grievances and Absenteeism are various job related performance data to identify performance of employee.

7. Which one of the following is not an effect on performance, behaviour and health when stress level of an employee is high

Correct Answer: (a) Feeling sleepy all the time
Solution:

When the stress level of an employee is high in an organisation, it can led to various negative results such as-
(i) Poor performance (ii) Exhaustion (iii) Nervousness
However, Feeling sleepy all the time is not outcome of stress level.

8. Which one of the following methods of forecasting human resource demand is not a qualitative method?

Correct Answer: (b) Markov analysis
Solution:

Human resources demand forecasting is a method through which organisation predict future quantity and quality of manpower required in the organisation. There are two methods for that
Quantitative method- If consists of technique like Time Series analysis, Regression Analysis, econometric modeling and artificial intelligences and machine learning, Markov analysis.
Qualitative Methods- If consists of technique like Delphi techniques, Nominal group technique, Group brain storming etc.
Hence, option (b) Markov analysis is not a qualitative method of forecasting human resource demand.

9. Which one of the following is not a characteristic of performance management?

Correct Answer: (a) Owned by human resource department
Solution:

Performance management is a process of raising competence bar in organisation where people can improve their skills and performance. Its features are-
(i) Joint or participative process
(ii) Does not have direct link to reward
(iii) Continuous review
(iv) Career Support
However option (a) Owned by human resource department is not its feature.

10. Which one of the following is not an advantage of staffing international operations of an MNC using Parent Country Nationals (PCN)?

Correct Answer: (b) Familiar with the local norms and culture
Solution:

The advantage of staffing International operations of an MNC using Parent Country Nationals (PCN) are
(i) Proper linkege between foreign subsidiary and the head quater.
(ii) Use of PCN helps develop global capabilities in organisation.
(iii) Knowledge about how the parent company operates.
(iv) TCNs may be better informed about the host country assignments. However option (b) familiar with the local norms and culture is not its advantage.